Masonite Int'l (DOOR) Misses Q3 EPS by 5c, Revenues Miss
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Masonite International Corporation Reports 2018 Third Quarter Financial Results
November 6, 2018 4:36 PM ESTTAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation ("Masonite" or "the Company") (NYSE: DOOR) today announced results for the three and nine months ended September30, 2018.
Executive Summary - 3Q18 versus 3Q17
Net sales increased 8% to $557 million versus $518 million. Excluding foreign exchange, net sales increased 9%. Net income attributable to Masonite was $25 million compared to $29 million. The decline was primarily due to a loss on the extinguishment of debt. Diluted earnings per share decreased to $0.89 from $1.00. Adjusted earnings per share* increased to $1.03 from $1.00. Adjusted... More